Camillion launches new system for product development

Camilion Solutions, a private company based in Toronto, New York and California which provides product management, underwriting and online sales solutions for the insurance industry has released ProductAuthority(TM) V5.1 the company’s flagship enterprise product management solution.
“ProductAuthority V5.1 now incorporates the foundational standards – WSDL, SOAP and UDDI to make the solution fully Web Services compliant, and incorporates a key ACORD XML Life and Annuity Specification to improve efficiency and manage risk in the annuity sales process,” the company announced in a news release.
ProductAuthority V5.1 enables insurers using an open Service-Oriented Architecture (SOA) to more easily and cost effectively integrate product data and rules into their operational systems including policy administration systems.
Built to capitalize on an open SOA, ProductAuthority(TM) changes the way insurers develop and implement products by completely separating product from process.
ProductAuthority’s “pure” product configurator externalizes all product data and rules from multiple, hard-coded operational systems into a central repository where business users can build and modify their own products.
Product data and rules are stored in the central repository of ProductAuthority’s “pure” product configurator, where they can be exposed as Web Services to all back-end systems that need to be ‘product-aware’. “This not only eliminates the hard-coding of product data and rules into multiple systems, but also results in systems with unprecedented agility, allowing insurers to implement or change products in days,” the company announced.
“If an insurer really wants the agility to drive their products to the marketplace ahead of the competition, they need to leverage SOA, build on a modern technology platform and stop hard-coding product information into all their back-end systems, like policy administration,” Camilion’s president and CEO Ross Orrett said. “However, the full benefit of SOA cannot be realized until ‘product’ is separated from ‘process’.
“Product data and rules must be externalized in a solution like ProductAuthority, where they can be exposed as Web Services and thereby enable legacy systems to easily adapt to constantly changing products.”
The new version includes a new testing facility to allow insurers to thoroughly test products before they are launched. Insurers can now test all product rules; define, store and manage test suites; and share or re-use test suites across products. The result is substantial improvements in product quality and reduced development and implementation time.